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CIMR in Morocco 2026: Complete Guide to the Executives' Complementary Regime

Updated on May 16, 202611 min read

The Moroccan Interprofessional Retirement Fund (CIMR), founded in 1949, is the reference institution for complementary retirement of executives and private sector employees in Morocco. In 2026, it has ~ 600,000 active affiliates + 200,000 CIMR retirees, distributed across ~ 1,800 affiliated companies. 2025 average CIMR pension was MAD 15,200/month (vs MAD 4,200 for pure CNSS) per CIMR Annual Report 2025.

1. 1. CIMR: presentation and 2026 key figures

CIMR is a private non-profit organization.

2026 figures

600,000 active affiliates. 200,000 retirees. 1,800 affiliated companies. Assets managed: ~ MAD 92 billion. 2025 average CIMR pension: MAD 15,200/month.

POINTS mechanism

Unlike CNSS calculating pension as % of salary, CIMR uses POINTS system. 2026 point purchase value: MAD 196. 2026 service value: MAD 9.80/year.

Regulation and guarantees

Under Bank Al-Maghrib + ACAPS oversight since 2008. Stability reserves ~ 8% of commitments value.

2. 2. How to join CIMR in 2026

CIMR affiliation strictly reserved for employees of affiliated companies.

Condition 1 — CIMR-affiliated company

Company must have signed affiliation agreement with CIMR. List on www.cimr.ma. Main sectors: banks, insurance, industry, telecom.

Condition 2 — Eligible status at employer

EXECUTIVE status: automatic affiliation. SUPERVISOR status: eligible per company agreement.

Practical joining procedure

At RECRUITMENT: verify CIMR inclusion in your offer. If not mentioned: explicitly REQUEST. NEGOTIATE inclusion.

For non-CIMR-affiliated companies

Alternatives: (1) Request HR study affiliation. (2) Subscribe individual PER. (3) Alternative company regimes (group insurance).

3. 3. CIMR contributions: 2026 scale and calculation

Contributions defined by agreement between company and CIMR.

2026 standard contribution rate

Standard rate: 3 to 7% of gross salary. Typical distribution: 70% employer + 30% employee. Example MAD 18,000/month executive at 5%: total contribution = MAD 900/month. 2026 point purchase = 10,800 / 196 = ~ 55 points/year.

Variants by company

Large banks: 5-7%. Industry: 4-6%. Tertiary SMEs: 3-5%. Multinationals: 4-7%.

Senior executive contributions

CIMR offers AGIRC-equivalent regime for senior executives with increased contributions (up to 12-15%).

4. 4. CIMR pension calculation at retirement

CIMR pension calculated simply at liquidation.

Base formula

Annual CIMR pension = (Σ points purchased each year) × (point service value at liquidation year). Example: 1,650 points × MAD 9.80 (2026 value) = MAD 16,170/year.

CIMR point value evolution

Point value revalued each year. History: 2015 = MAD 8.70, 2020 = MAD 9.20, 2026 = MAD 9.80. Average growth ~ 1.1%/year.

2026 liquidation conditions

CIMR legal liquidation age: 60. Early liquidation 55-59 with discount. Late liquidation 60-65: 5%/year bonus. Request 6-12 months before desired date.

5. 5. CIMR retirement procedures: 24-month timeline

CIMR retirement administrative preparation requires 12-24 months anticipation.

24-12 months before — projection diagnosis

Request CIMR your complete CAREER STATEMENT (free). Verify: all contribution periods recorded, exact annual amounts.

12-6 months before — liquidation file

Retrieve "Liquidation Request" form on cimr.ma. Documents: national ID, employment certificate, RIB, activity cessation certificate.

6-0 months before — finalization

CIMR examines file within 60-90 days. Projected pension notification sent. First pension payment: month following activity cessation.

Links with CNSS and other regimes

CIMR liquidation request INDEPENDENT of CNSS. You must make 2 separate requests. Ideal to synchronize for simultaneous startup.

6. FAQ

Q.What is CIMR in Morocco 2026?
Moroccan Interprofessional Retirement Fund (CIMR), founded 1949, is the reference institution for executives' complementary retirement in Morocco. ~ 600,000 active affiliates + 200,000 retirees. ~ 1,800 affiliated companies. 2025 average pension: MAD 15,200/month.
Q.How to join CIMR in Morocco 2026?
Affiliation ONLY via your company. Conditions: (1) Work in a CIMR-affiliated company. (2) Executive status. (3) Typical contribution 3-7% of salary.
Q.What is the CIMR point value in 2026?
2026 service value: MAD 9.80/year of pension. 2026 purchase value: MAD 196. So 1 point paid MAD 196 today = MAD 9.80/year pension for life.
Q.How much does CIMR pay at retirement in Morocco 2026?
Depends on accumulated contributions. Example MAD 18,000/month executive, 5% contribution, 30 years: ~ 1,650 points × MAD 9.80 = MAD 16,170/year = MAD 1,348/month supplement. 2025 CIMR average pension: MAD 15,200/month.
Q.What are the main sectors and companies affiliated to CIMR in 2026?
1,800 affiliated companies. Sectors: banks (all major), insurance, industry (OCP, ONA, Lafarge), large distribution, telecom, IT/consulting, automotive.
Q.What is the difference between CIMR and CNSS in Morocco 2026?
CNSS = MANDATORY BASE regime (MAD 6,000/month salary cap, max pension MAD 4,200/month). CIMR = OPTIONAL COMPLEMENTARY regime added to CNSS, no salary cap, pension proportional to contributions.
Q.When to request CIMR liquidation in Morocco 2026?
Procedures starting 12-24 months BEFORE desired date. Timeline: (1) 24-12 months before: request career statement. (2) 12-6 months before: liquidation file. (3) 6-0 months before: CIMR examination 60-90 days. First payment: month following activity cessation.

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